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Adani Group has started rapidly reducing its stake in AWL Agri Business and recently sold 13 percent stake to Wilmar International subsidiary Lence Pte. After this, the company’s stake has reduced from 20 percent to 7 percent and now it is preparing to sell the remaining stake through a block deal. This entire step is related to Adani’s strategy in which the group wants to completely exit the FMCG business and return to its core infrastructure portfolio.
New DelhiAdani Group has accelerated its plan to sell its stake in AWL Agri Business Ltd, According to the latest information, Adani Commodities LLP is now preparing to sell about 7 percent stake in the company through a block deal, The size of this possible deal is said to be around Rs 2501 crore, The floor price has been kept at Rs 275 per share and it shows a slight discount from Thursday’s closing price,
This step has come at a time when just a few days ago the group had sold its 13 percent stake in the company in a big off-market deal. In this transaction, Adani Commodities LLP sold 16.9 crore shares to Lence Pte Ltd, a subsidiary of Wilmar International of Singapore. This entire deal was worth approximately Rs 4646 crore at Rs 275 per share.
How much was the share and how much is left now
This transaction is part of a larger divestment plan which was announced earlier this year. Under this, Wilmar International had agreed to buy 11 to 20 percent stake in AWL Agri Business. With this purchase, the stake of Lence Pte Ltd has increased to 56.94 percent. On the other hand, the stake of ACL i.e. Adani Commodities LLP has reduced from 20 percent to only 7 percent.
According to the regulatory information filed by the company, ACL earlier held 20 percent i.e. about 25 crore shares. After selling 13 percent stake, it is now left with only 9.09 crore shares which is 7 percent of the total equity. Now the group is preparing to sell this remaining stake also through a block deal.
How did the relationship between Adani and Wilmar begin?
AWL Agri Business was earlier known as Adani Wilmar Ltd. This joint venture started in the year 1999 when Adani Enterprises Ltd of India and Wilmar International of Singapore together entered the packaged food business. With this collaboration, big brands like Fortune emerged and the company became one of the largest edible oil companies in the country.
Wilmar International is a Singapore-based global agri business company that operates in the edible oil, grains, sugar and food processing sectors. It is one of the largest agri trading companies in Asia. It started in India through Adani Wilmar and this joint venture lasted for about 25 years. With this latest deal, the shareholders agreement made between the two companies in 1999 has also been abolished. With this, Wilmar has now become the dominant controlling company in AWL Agri Business while Adani Group is moving rapidly towards exiting this business.
Why is this big change happening?
Adani Group had made it clear in July 2025 that it will gradually exit the FMCG and food business and again focus on its core infrastructure portfolio. This includes sectors like ports, airports, power, green energy, transmission and logistics. This entire plan to sell stake in AWL Agri Business is a continuation of the same strategy.
Company’s Q2 numbers also show pressure
AWL Agri Business had reported a 21.3 percent decline in net profit of Rs 244.7 crore in its September quarter results. Profit was affected due to increase in expenses and increase in finance cost. Although the revenue increased by about 22 percent to Rs 17605 crore, the margin remained the same as last year.
